Indonesia is the largest Muslim-majority country in the world, and one of the world’s fastest growing takaful markets. The country recorded a significant expansion of the takaful industry in terms of growth and size, even overtaking the takaful industries of the Gulf Cooperation Council (GCC). However, the life and personal accident and health segments registered a decline in 2011, partly as a result of the global financial crisis. The industry recovered from 2012 and gross written premium registered significant growth during 2012-2014. The industry’s written premium value has almost tripled in 2013, as compared to the written premiums in 2009; at a review-period (2009-2013) compound annual growth rate (CAGR) of 43.7%. The emerging middle class, improvements in the life segment’s performance, an increase in interest from international investors, rising domestic consumption, product innovation and the adoption of alternative distribution channels supported the growth of the Indonesian takaful industry during the review period. Merger and acquisition (M&A) activity is expected to rise over the forecast period (2013-2018), as most existing insurers are unable to meet the minimum capital requirement set by the insurance regulator, Otoritas Jasa Keuangan (OJK).
Executive Summary :
The report provides in-depth industry analysis, information and insights into the takaful insurance industry in Indonesia, including:
• The Indonesian takaful insurance industry’s growth prospects by insurance segment and category
• The current trends and drivers in the Indonesian takaful insurance industry
• Challenges facing the Indonesian takaful insurance industry
To get more details of report at: http://www.reportscue.com/-attractiveness-and-future-prospects-of-the-indonesian-takaful-insurance-industry-market
This report provides a comprehensive analysis of the takaful insurance industry in Indonesia:
• It provides historical values for the Indonesian takaful...